About Zerodha
Zerodha is a discount stock broker offering trading services in Equity, Derivatives, Commodity and Currency segments at BSE, NSE & MCX to stock market investors in India.
Zerodha started its operations in 2010, offering deeply discounted brokerage service by leveraging the technology of online trading to keep the cost low. Zerodha disrupted the traditional online brokerage industry in just 3 years of its inception by making the discount brokerage model actually work. As of Nov 2016, Zerodha has market share of between 5% to 7% trades done at BSE & NSE.
While Zerodha is primarily focused on equity and commodity trading services, it also started offering add-on services like depository services (or demat account) and mutual funds.
Demat account is one of the key services offered by Zerodha. The service is part of its 2-in-1 account which offers customer an integrated trading account and a demat account for seamless transactions between them.
Zerodha is depository participant (DP) with Central Depository Services Limited (CDSL) depository.
Key features offered by Zerodha Demat Account include:
- Easy online access to shares, mutual funds etc.
- 2-in-1 account offers seamless transaction between trading and demat account.
- Dividends credited automatically in linked bank account.
- Low debit transaction charges for stock and mutual funds.
Zerodha DP Debit Transaction Charges
Zerodha charges Rs 13.5 per scrip (irrespective of quantity) debited from demat account when stocks are sold.
For Mutual Funds, Zerodha charges Rs 5.5 per MF (irrespective of quantity) debited from demat on redemption.
Zerodha Demat Acct Opening Fee
To open a new demat account with Zerodha, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Zerodha Demat Account Opening Charges and Zerodha AMC as below:
- Zerodha DP Account Opening Fee: ₹100
- Zerodha DP Account AMC: ₹300
- Share Debit Trasaction Fee:
- Is demat account mandatory?: No
Zerodha Demat Account Transaction Charges
Zerodha Depository Service Charges for Resident Retail Customers
ID |
Transaction Detail |
Fee for POA Clients |
1 |
Demat Account Opening Charges |
Rs 0 |
2 |
Stamp Charges payable upfront (at actuals) |
Rs 50 |
3 |
Annual Maintenance Charges (AMC): |
|
a. Individuals |
Rs 300 Per Year (Payable upfront every year) |
|
b. Corporates |
Rs 1000 (Payable upfront every year) |
4 |
Transaction Charges per ISIN (Market Trades): |
|
a. Buy (Receive) |
Rs 0 |
|
b. Sell(Debit) |
Rs 8 + Rs 5.50 flat for every debit transaction |
5 |
Inter Depository Transfer (Off-Market Trades): |
|
a. Buy (Receive) |
NIL |
|
b. Sell(Debit) |
0.03% or Rs 25 whichever is higher |
6 |
Demat (Per certificate) |
Rs 10 |
7 |
Remat (Per ISIN) |
Rs 15 |
8 |
Courier charges per Demat/ Remat request |
Rs 50 |
9 |
Pledge per ISIN |
Rs 20 + Rs 12 (depository charges) |
10 |
Unpledge per ISIN |
Rs 20 + Rs 12 (depository charges) |
11 |
Pledge Invocation per ISIN |
Rs 20 |
12 |
Periodic Statement: |
|
a. By Email |
Free |
|
b. Physical |
Rs 50 (Couier Charges) |
13 |
Adhoc / Non Periodic Statement Requests: |
|
a. By Email |
Rs 10 per request |
|
b. Physical |
Rs 50 per request (up to 10 pages). Additional page at Rs 5 + Rs 50 (Couier Charges) |
14 |
Delivery Instructions: |
|
a. First Delivery Instruction Book |
Free (10 leaves) |
|
b. Every Additional Booklet |
Rs 100 (10 leaves) |
15 |
Cheque Bounce/ Per cheque |
Rs 350 |
16 |
Failed Transactions |
Rs 50 per transaction |
17 |
Modification in CML |
Rs 25 per request |
18 |
KRA Upload / Download |
Rs 50 |
Information about Zerodha demat account, Zerodha demat account review, Zerodha demat account charges, Zerodha demat account opening, Zerodha dp charges, Zerodha demat charges, and Zerodha dp id.